Family trusts can/may be used for a variety of reasons. If you are in business, they offer protection from creditors, and an opportunity to split income between family members. They protect the interests of future generations and can avoid estate litigation.
Many people want to know about whether they will help with rest home subsidies. We have worked with family trusts for many years and can tell you how they work, why you might want them and what they can achieve. We will also look at how you administer a trust.